Section 4 | Provisions which must be given priority over Part 2

(1)Any receipt or other credit item, so far as it falls within—

(a)Chapter 2 of this Part (receipts of trade, profession or vocation), and

(b)Chapter 3 of Part 3 so far as it relates to a UK property business,

is dealt with under Part 3.

(2)Any receipt or other credit item, so far as it falls within—

(a)this Part, and

(b)Part 2, 9 or 10 of ITEPA 2003 (employment income, pension income or social security income),

is dealt with under the relevant Part of ITEPA 2003.